Introduction As financial training has changed its methodologies, IFRS online classes are now crucial for those professionals who are looking to upskill. Among the most popular learning formats are live and self-paced IFRS online classes. Choosing the right format depends on your goals, schedule, and learning style. You can read on and decide how to learn IFRS online: through live or self-paced classes. IFRS Classes: Live and Online Live IFRS classes are conducted virtually but in real-time in which participants can interact directly with both their instructors and peers online. These interactive sessions in virtual classrooms run with preset schedules and structured guidance. Features: The best features of IFRS courses for professionals include: ·         Live instructor-led courses ·         Live Q&A sessions for instant doubt clarification ·         Varied oppor...

In the   previous blog , we have seen what IFRS is and how in India has promised to converge with IFRS. India made a commitment to G20 nations in their summit in 2009 towards convergence to IFRS. Accordingly, India decided to adopt a reporting framework similar to IFRS i.e., Ind AS, Indian Accounting Standards Converged with IFRS. On 16 February 2015, the Ministry of Corporate Affairs (MCA) issued a notification for adoption and implementation of Ind AS for Corporate sector in India in phased manner vide companies (Indian Accounting Standards) Rule, 2015. Ind AS to be adopted in a phased manner from the financial year 2016-17 with comparatives for the year financial year 2015-16 for certain class of companies. Applicability of Ind AS for corporate sector as well for NBFC is discussed below: Corporate Roadmap Mandatory Adoption Companies – Phase I (Other than banks, NBFCs and Insurance Companies) All Listed Companies or Companies in the process of Listing (debt or equity listed in o...